AU Small Finance Bank Car Loan Features
AU Small Finance Bank Car Loan Approval Process. AU Small Finance Bank Gold Loan Approval Process. AU Small Finance Bank was founded in 1996 as vehicle finance company AU Financiers Ltd and it was converted to a small finance bank in April 2017. It is headquartered in Jaipur, Rajasthan. At present, it is an Indian scheduled commercial bank. It has 744 banking touchpoints across 15 states and two UTs. The bank provides various types of loans, deposits & payment products and services.
- The bank offers custom car loan offerings.
- The bank provides you with the ease of documentation for the customer’s car purchase.
- The bank has a simplified loan process for customers, assuring transparency in transactions.
- The bank provides car loans for hatchbacks, entry-level sedans to luxury sedans and MUVs/SUVs of the customer’s choice.
- Any individual from the rural, semi-urban and urban areas can apply regardless of their occupation.
- The processing fee is up to 2% of the loan amount.
- Prepayment charges are 5% of the balance amount if paid before 12 months / 3% of the balance amount if paid after 12 months.
- Part foreclosure is not allowed.
AU Small Finance Bank Car Loan Eligibility
AU Small Finance Bank Car Loan Documents Required
AU Small Finance Bank Car Loan Approval Process
The AU Small Finance Car Loan Approval Process is simple and instant –
- Go to the official website of AU Small Finance Bank.
- Under the ‘retail loan’ option, click on the “vehicle loan” button.
- Then, choose “car loan” and click on the “apply now” option.
- Fill out the application form.
- The bank’s representative would contact you.
- Submit your documents for verification.
- If the eligibility criteria are met by the applicant, the bank approves the car loan.
- Then, the amount is deposited in the borrower’s account within 24 hours.
A borrower can apply for a car loan by calling their customer call centre at – 1800 1200 1200. The borrower can also mail them at email@example.com or visit the nearest AU Bank branch. If the applicant is an existing customer, they can also get in touch with their Relationship Manager/Personal Banker to know more.
FAQs on AU Small Finance Bank Car Loan Approval Process
✅ What documents can be used as income proof?
Documents such as Form 16 and the latest salary slip, bank statements for the last 6 months can be submitted as proof of income. Visit Dialabank for more information
✅ What is the LTV provided by banks?
Most banks offer an LTV of up to 100% of the car’s on-road price; however, it can differ from lender to lender.
✅ How can I contact AU Small Finance Bank for queries?
A customer can contact the customer care of the bank at 1800 1200 1200 and if they prefer to write their queries/complaints/suggestions, they can mail them at firstname.lastname@example.org.
Table of Contents
- 1 AU Small Finance Bank Car Loan Features
- 1.1 AU Small Finance Bank Car Loan Eligibility
- 1.2 AU Small Finance Bank Car Loan Documents Required
- 1.3 AU Small Finance Bank Car Loan Approval Process
- 1.4 FAQs on AU Small Finance Bank Car Loan Approval Process